Crypto Market Barometer released on

  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in

Crypto: BitPanda BCI 10 crypto index market breadth data

 This is today's market breadth data for the crypto index BCI10 (BitPanda Crypto Index).

I'll include the Advance Decline Line and the Advanced vs. Declined data for crypto first:


Here is also the McClellan Oscillator and the McClellan Summation Index:



As usual, please note that the BCI10 crypto index only represents a small number of crypto currencies (10 pcs). It is not a mirror of the whole crypto market.

However, it reflects a large portion of the market capitalization the crypto market has.



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